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DILQ Event Not Triggered For 'Plain RFR DV' Contract (Doc ID 2829990.1)

Last updated on DECEMBER 26, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.3.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.3.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
---------------
DILQ event not triggered for 'Plain RFR DV' contract

During RFR testing for DV product, for the ‘Plain’ scenario user ran 1 weekly schedule to test the RFR interest calculation. On the DILQ date, it was observed that the DILQ event did not get triggered for the contract created.

On further analysis, it was observed that the system is skipping the liquidation event

EXPECTED BEHAVIOR
-----------------------
System should trigger DLIQ event as per the schedules defined.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create a DV contract with RFR enabled product and with RFR calc method as "Plain.
2. Run one weekly schedule to test the RFR Interest calculation
3. On DLIQ date, verify if DLIQ event is triggered for the contract

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, DLIQ event is not posted as per the schedule defined.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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